The Global Automotive Motors Market size was valued at USD 32 billion in 2021 and is expected to reach USD 50 billion in 2030 at a CAGR of 7% from 2021 to 2030.

The Global Automotive Motors Market was valued at USD 32 billion in 2021 and is projected to reach USD 50 billion by 2030, growing at a CAGR of 7% from 2021 to 2030. This market expansion is driven by the increasing demand for electric motors in automobiles, primarily due to improved efficiency, manufacturing advancements, and a higher focus on electric vehicle (EV) technologies. As automotive production rises, the need for motors continues to grow, powering vital vehicle functions like power steering, windows, wipers, and engine cooling fans.

Why the Automotive Motors Market is Expanding

Electric motors are essential components for modern vehicles, ensuring the smooth operation of various systems such as power windows, power steering, motorized seats, and even features like massage seats and movable mirrors. The trend towards more compact and high-efficiency motors is fueling the demand, alongside the rise of advanced automotive features. Although the automotive sector was severely impacted by the COVID-19 pandemic, the market's recovery and its reliance on electric motors have strengthened its future prospects, creating opportunities for innovation and market growth.

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Key Market Players

Leading players in the automotive motors market include:

• Nidec Corporation

• Johnson Electric Holdings Ltd.

• Robert Bosch GmbH

• Denso Corporation

• Continental AG

• Mitsubishi Electric Corporation

These companies are playing a pivotal role in shaping the market through technological advancements and expanding production capabilities.

Market Segmentation

The Automotive Motors Market is segmented based on motor type and sales channel:

By Motor Type:

• Brushed DC Motor

• Brushless DC Motor

• Stepper Motor

• Traction Motor

By Sales Channel:

• OEMs (Original Equipment Manufacturers)

• Aftermarket

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Industry Developments

A significant industry development was BorgWarner's announcement in September 2020, where they revealed plans to create a power iDM for the electrified Ford Mustang. Such developments showcase the growing integration of advanced electric motor technologies in the automotive sector.

Regional Analysis

The Automotive Motors Market is growing globally, with notable trends in regions such as:

• North America (U.S., Canada, Mexico)

• Europe (U.K., Germany, France, Spain, Italy)

• Asia-Pacific (China, India, Japan, South Korea)

• South America (Brazil, Argentina)

• Middle East & Africa (Saudi Arabia, UAE, South Africa)

Benefits of the Report

• Comprehensive Market Analysis: Detailed insights into demand-supply gaps, market size estimations, SWOT analysis, and future forecasts.

• Regional Insights: In-depth analysis of regional growth and opportunities.

• Competitive Landscape: An evaluation of key players, market trends, and technological advancements shaping the industry.

Frequently Asked Questions

1. What is the size of the Automotive Motors Market?

2. How fast is the Automotive Motors Market growing?

3. What opportunities and challenges do vendors face in the market?

4. Which automotive motor types are expected to show the most growth?

5. What are the constraints holding back market growth?

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